During the half year period, gross revenue saw a slight 0.9% increase to $31.3 million from $31.1 million a year ago, bringing net property income to $17.9 million, unchanged from the last year. This increase was mainly due to higher portfolio occupancy rate.
The manager of BHG Retail REIT (SGX:BMGU
) announced that its distribution per unit (DPU) for its 1HFY2024 ended June 30 has declined by about 33.3% to 0.25 cent from 0.35 cent in the same period a year ago.
Amount available for distribution also declined to $1.4 million from $1.9 million last year, due to the weaker RMB against SGD and lower other income from early lease termination.
